• U.S. Rep. Paul Gosar Introduces “Crypto-Currency Act of 2020” U.S. Rep. Paul Gosar Introduces “Crypto-Currency Act of 2020”
  • Crypto Community Loses The Last Crypto-Friendly Presidential Candidate Crypto Community Loses The Last Crypto-Friendly Presidential Candidate
  • Crypto Now Officially Seen as Financial Instruments in Germany Crypto Now Officially Seen as Financial Instruments in Germany

Blockchain Topics Attention on hotspots of blockchain development

  • Traditional Traders Show Growing Interest in Crypto

    A survey published on March 31 revealed that senior trading executives believe that large companies in the business would be interested in taking advantage of the recent crypto plunge, particularly Bitcoin (BTC).According to the Adoption of Digital Asset Trading report published by Acuiti management intelligence platform, about 100 venues capable of trading cryptocurrencies have launched for institutional clients.The survey shows greater adoption of digital assets among sell-side service providers (26%) than traditional trading firms (17%). However, it clarified that the adoption rates are limited to the CME or Bakkt.Bitcoin and Ethereum derivatives are of major interestAll the crypto trading firms that were studied in the report realized that there was a growing interest in Bitcoin derivatives. About 57% of traditional trading firms have traded Bitcoin, while 29% traded Ethereum (ETH) derivatives.One of the findings of the survey is that although XRP is being ranked as the eighth most popular digital asset, XRP/USD was ranked 5th in the ranking of the preferred cryptocurrency pair within institutional firms. Their top three primary considerations are liquidity, volatility, and arbitrage opportunities.Future looks bright despite…

    Apr 5, 2020
  • Blockchain and BMW: PartChain is set to roll out over the course of 2020

    BMW has just announced plans to roll out its blockchain supply chain solution to 10 suppliers over the course of 2020.The platform has already successfully tested the so-called PartChain in 2019 according to the official announcement revealed this week on the 31st of March.One of the biggest car manufacturers in the world, BMW group has just announced plans to roll out its blockchain supply chain solution to 10 suppliers over the course of 2020.The platform has already successfully tested the so-called PartChain in 2019 according to the official announcement revealed this week on the 31st of March.In its early days, the solution was initially designed to ensure traceability and immediate data transparency for automobile components over complex supply chains. This would engage several parties on a global scale.One member of the board for BMW AG management, Andreas Wendt is the man responsible for the purchasing and supply network for the company. He has said that BMW now wants to expand the project to a large number of other suppliers with 10 in their crosshairs for the course of 2020. When…

    Apr 5, 2020
  • NEO Releases Global Monthly Report And Sees New Privacy Solutions Being Implemented

    In the middle of a massive financial and health crisis, NEO released its new global monthly report. The main thing to mention is that all the NEO Global Development employees in Shanghai are now safe and encouraged to work from home if it is possible for them. In addition to it, the report is going to be divided n four categories so as to make it easier for users to gain knowledge about the topics desired.Neo Releases Global ReportAs per the report, the NEO development community has been discussing the Neo3 governance model and how it is possible to improve it. Moreover, they have also held meetings in relation to how to complete most of the critical Neo3 components by the middle of the second quarter of this year. In addition to it, there has been good progress in terms of the Neo3 economic model. At the moment, the main goal is to optimize efficiency and make it better for users to work on the NEO chain at all times. Regarding the development of NEO Core, they have updated the system to…

    Apr 5, 2020
  • Bitcoin Price Now in a ‘Key Spot’ to Conquer $6.9K Before Weekly Close

    As the weekend began Bitcoin (BTC) price traded in a relatively tight range after making a second attempt at $7,000 on April 4. The digital asset surged to $6,988 before pulling back to the $6,800 range for the remainder of the day. As Bitcoin spent Saturday trading sideways, the majority of the top-ten altcoins posted marginal gains. Ether (ETH) gained 1.57%, Litecoin (LTC) added 1.02%, and Binance Coin (BNB) managed to gain 2.31%. Crypto market daily price chart. Source: Coin360At the time of writing, the price continues to hold above the ascending trendline and the price is slowly pushing close to the $6,900 resistance, a level which has been broken above three times this week.  BTC USDT daily chart. Source: TradingViewThe $6,900-$7,200 range is proving to be a tough resistance area to overcome but with the weekly close approaching, investors will be watching to see if Bitcoin price makes a sharp move above $7,200 or a pullback to $5,800.  BTC USDT 4-hour chart. Source: TradingViewIn the 4-hour timeframe, traders will notice that trading volume is declining as the Bollinger Band arms are…

    Apr 5, 2020
  • Bitcoin Showing Signs of Weakness But 100 SMA Can Trigger New Rally

    Bitcoin is struggling to gain momentum above the key $7,000 resistance against the US Dollar. BTC is likely to surge past $7,000 as long as it is above $6,400 and the 100 SMA (H4).Bitcoin price is currently showing a few bearish signs below the $7,000 resistance area.There is a strong support forming above $6,400 and the 100 simple moving average (4-hours).There is a key bullish trend line forming with support at $6,425 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The pair could make another attempt to surpass the $7,000 and $7,200 resistance levels in the near term.Bitcoin is Holding Crucial SupportThis past week, bitcoin traded higher above the $6,400 and $6,500 resistance levels against the US Dollar. BTC price even spiked above the $7,000 resistance and settled nicely above the 100 simple moving average (4-hours).It traded as high as $7,273 before starting a downside correction. The price settled below the $7,000 level to start the correction. Besides, there was a spike below the 50% Fib retracement level of the upward move from the $6,150 low to…

    Apr 5, 2020
  • 7 Crypto Firms Targeted by 11 Lawsuits in New York

    Seven crypto companies have been targeted by 11 lawsuits that were filed in a New York federal court on April 3.The suits were filed by Roche Freedman — the same law firm representing the estate of the late Dave Kleiman in the ongoing dispute with self-proclaimed Satoshi Nakamoto, Craig Wright.Eleven lawsuits target seven crypto companiesThe eleven putative class action suits name dozens of parties including cryptocurrency exchanges Binance, KuCoin, BiBox, and BitMEX and parent company HDR Global Trading Limited, and alleged crypto issuers Block.one, Quantstamp, KayDex, Civic, BProtocol, Status, and the Tron Foundation. Many of the company’s principals are named, including several leading figures in the crypto sector such as Changpeng Zhao, Dan Larimer, Vinny Lingham, and Brendan Blumer.Crypto firms accused of wholesale securities violationsThe lawsuit alleges that numerous exchanges have sold unlicensed securities without broker-dealer licensing and engaged in market manipulation. The plaintiffs also argue that many token issuers selectively withheld information from investors to ensure that it would not be apparent the tokens comprised securities until well after the token sale.Bibox Token (BIX), Eos (EOS), Bancor (BNT), Status (SNT), Quantstamp (QSP),…

    Apr 5, 2020
  • Ethereum Breaking This Crucial Support Could Spark a Sharp Decline

    Ethereum is struggling to gain bullish momentum above the $145 resistance against the US Dollar, similar to bitcoin. ETH price must stay above the $140 support area to remain in an uptrend.ETH price is currently facing a strong resistance near $145 and $150 against the US Dollar.There is a crucial support forming near the $140 level and the 100 simple moving average (4-hours).There is a major contracting triangle forming with resistance near $145 on the 4-hours chart of ETH/USD (data feed via Kraken).The pair could either rally sharply above $145 or it might start a solid decline below $140.Ethereum Price Trading Near Key JunctureThis past week, Ethereum climbed higher nicely above the $130 and $135 resistance levels against the US Dollar. ETH price even spiked above the $145 resistance and settled above the 100 simple moving average (4-hours).It tested the $150 resistance area, where the bears emerged. Recently, there was a downside correction below the $145 level. The price traded below the 23.6% Fib retracement level of the upward move from the $129 swing low to $150 swing high.However, Ethereum…

    Apr 5, 2020
  • Talking Digital Future: Smart Cities

    My journey into smart cities and their future development was a really big surprise, as the way I arrived there was not something that I had planned. I was working as the chief information officer for a company in Northern California called O’Reilly Media when I got a call from a headhunter who asked if I would consider being the chief information office for the City of Palo Alto. I can vividly remember — it was only about eight years ago — my feeling when she asked the question. The first thing that came into my mind: I would never consider working for the government. And the next quick emotion I had was: but that’s really interesting and I’d like to know more.So, fortunately, my willingness to be open minded was a good thing, and I asked her to explain what the opportunity was. I think because it was the birthplace of Silicon Valley, as the city was Palo Alto, one of the things that interested me was that the city had not been notable for being technologically developed, despite…

    Apr 5, 2020
  • BIS Calls for Central Bank Digital Currencies Amid Coronavirus Pandemic

    The Bank of International Settlements (BIS) has issued a report arguing in favor of central bank digital currencies (CBDCs) and digital payments amid the COVID-19 pandemic.The bulletin published by the BIS, a 600-member international financial institution representing the central banks of 60 countries, urges central banks to consider developing CBDCs in light of concerns regarding the spread of coronavirus through existing payment methods.BIS warns of COVID-19 transmission via credit card terminalsThe report notes a significant negative change in consumer attitudes regarding the use of cash in response to the World Health Organization’s (WHO) warning regarding the spread of COVID-19 via banknotes.While the BIS echoes WHO’s concerns, the report asserts that the risk of coronavirus transmission through contact with credit card terminals and PIN pads is even greater:“Scientific evidence suggests that the probability of transmission via banknotes is low when compared with other frequently-touched objects, such as credit card terminals or PIN pads.”Demand for cash falls in the U.K.The report notes that “in past crises, demand for cash has often increased, as consumers have sought a stable store of value and medium…

    Apr 5, 2020
  • 4 Popular Robinhood Stocks to Time the Bottom of the Stock Market Crash

    Investors are keeping an eye out for the bottom of this year’s epic stock market crash.Individual or retail investor activity is a contrarian stock market indicator. Because they tend to sell the dip and buy the rip.So the following four popular stocks on Robinhood are worth tracking to help spot the bottom of this brutal bear market.Just two weeks into this year’s swiftest, most brutal stock market crash in history, some silly market watchers were already trying to spot the bottom. The Dow Jones, S&P 500, and Nasdaq would fall even further the following two weeks.So it would seem bottom spotting was a bit premature at the time.It still might be, but even if it is, the conversation about how to scan for and spot the market bottom when it happens will prepare investors for when the time is right.One methodology is tracking retail investor activity. Research shows the behavior of individual investors is a potentially useful contrarian indicator.These headline readers are often the last to pile into frothy valuations preceding a stock market crash. But they’re often the first…

    Apr 5, 2020
  • ESA Announces E3 2021 Dates, But Does Anyone Care?

    E3 2021 has been announced, but what about E3 2020?ESA claims a “reimagined event,” but what does that mean?Does anyone even care about E3 anymore?I’m not the first to state that E3 was on its deathbed before COVID-19 brought it down prematurely this year. Ignoring the writing on the wall is conference organizer Entertainment Software Association (ESA).The group revealed dates for E3 2021, claiming a “reimagined event” is in store. This, I assume, will be different than the online-focused event in store for this year.But my only question is: who cares?E3’s Big DeclineE3 attendance has been on the decline. Nintendo, Sony and other publishers already hold their own digital events. IGN is launching a “Summer of Gaming” event to replace the long-standing conference. The conference’s absence is hardly a month official, and the industry is already filling in the gap.It leaves one to wonder if ESA should even try. Ever since opening up to the public, journalists and exhibitors alike have commented on the conference’s downfall.Nowadays, the floor is packed. Journalists can’t make appointments as the public crowds the booths….

    Apr 5, 2020
  • Doctors Aiding With the Coronavirus Crisis in Venezuela Will Each Receive 1 Petro » The Merkle News

    Venezuela President Maduro has an interesting opinion on how cryptocurrencies will work exactly. In fact, he is trying to bring more positive attention to the Petro by airdropping some to doctors helping out with the coronavirus pandemic.The Petro remains a very controversial cryptocurrency project.Petro Airdrop Won’t Make Much DifferenceIts value is seemingly non-existent, as are its potential use cases.Moreover, this asset is allegedly backed by Venezuela’s oil reserves, although there is some uncertainty regarding that aspect too.In a new turn of events, President Maduro announced something related to the Petro.More specifically, he wants to support Venezuela’s medical staff during the coronavirus crisis.A worthwhile effort, albeit using the Petro to reward doctors and medical personnel isn’t necessarily the best option.To this date, it remains unclear what purpose this currency has exactly.Every doctor in the country will receive 1 Petro, of which its actual value remains unknown.All tokens will be airdropped through the Patria system.That platform allows Venezuela to bypass banks altogether and issue tokens to recipients directly. As such, one has to wonder is this will affect the public’s opinion on Petro…

    Apr 5, 2020
  • Blockchain Experts Weigh in on Russia’s Controversial Coronavirus Tracking App

    Experts suggest that blockchain technology could have been a better solution for handling coronavirus-related data in Russia.Moscow’s COVID-19 App is pulled from Google PlayOn March 25, an app called “Social monitoring” appeared in Google Play store. According to the app’s description, it was designed for social monitoring as well as for providing access to emergency services.Users soon noticed that the app required many sensitive permissions, including geolocation, bluetooth pairing, biometric data, and calls. Notably, the data was also being openly transmitted without encryption. The backlash against the app led to a 1-star rating on Google Play by the morning of April 1. Later that day, the app disappeared from the store altogether.Blockchain a better alternativeRussia is not the only country challenged by this crisis. Governments around the world are faced with difficult choices in the face of the coronavirus pandemic. There is a need to track people infected with the virus, but this is difficult to accomplish without compromising individual privacy and safety. In an effort to solve this dilemma, Cointelegraph investigated whether experts believe that blockchain technology could provide…

    Apr 5, 2020
  • BoA Strategist Thinks the Stock Market Crash Is Over, But Don’t Celebrate Yet

    Bank of America’s top strategist believes the stock market crash is over.A historic relief rally for the Dow Jones has given bulls confidence that the coronavirus panic has peaked.Gloomy GDP forecasts suggest even if the floor is in, upside for the Dow and S&P 500 could be limited at best.After a horrific month on Wall Street, the stock market crash has slowed, with the Dow Jones and S&P 500 rebounding off their lows.One of the investment banking world’s top strategists, Bank of America’s Michael Hartnett, believes the lows are in after negativity peaked this month. He could be right, but investors shouldn’t rejoice just yet.BoA’s Chief Strategist Calls the Market BottomIn his take on the outlook for financial markets, BoA’s Hartnett made the following claim:Tough for asset prices & volatility to subside until human beings can safely leave their homes; that said … lows on corporate bond & stock prices are in.In addition to this, Hartnett noted that one of Bank of America’s most popular indicators has overextended to an extreme bearish reading (suggesting a meaningful reversal is possible). With…

    Apr 5, 2020
  • Traders Are Loading Up On Bitcoin Longs: What Does This Mean?

    Bitcoin may have crashed 50% in a single day in March, but this hasn’t stopped traders from investing in the cryptocurrency. In fact, a number of data sources suggest that a majority of investors are starting to load up on their BTC positions, despite the uncertainty in the global economy.Bitcoin Investors Are Buying At a Rapid ClipAccording to screenshots of crypto-enabled retail brokerages based in the U.K. shared by trader Nik Patel, users of these platforms are long on Bitcoin. In fact, for IG.com is signaling that 78% of client accounts are long on the cryptocurrency.Three of the most prominent retail brokers in the UK pic.twitter.com/kIvSpcvemG— Nik Patel (@cointradernik) April 4, 2020This isn’t the only evidence suggesting that the majority of crypto market participants are leaning long.Qiao Wang of Messari, a former institutional trader, recently shared the below chart, which shows the Bitcoin order book for Coinbase Pro.BTC order book… While I’m short-term cautious due to macro conditions, it can’t get any more long-term bullish than this: pic.twitter.com/snq8ISFMCF— Qiao Wang (@QWQiao) April 2, 2020Although not representative of other exchanges, it…

    Apr 5, 2020
  • Quarantined Gamers Are Straining Microsoft Azure-based Blockchain Platform

    Microsoft has acknowledged that the quarantined gamers are putting a strain on its Azure cloud platform which is a backbone of the company’s Blockchain As a Service (BaaS) offering.In the SEC filing, Microsoft addresses the impact of “the global health pandemic” on its Azure cloud services. The company admits that in certain regions “deployments for some compute resource types (…) drop below our typical 99.99 percent success rates”. Furthermore, Microsoft confirms that “Xbox Live [is] putting a strain on overall Azure capacity”:“As a result of the surge in use over the last week, we have experienced significant demand in some regions (Europe North, Europe West, UK South, France Central, Asia East, India South, Brazil South) and are observing deployments for some compute resource types in these regions drop below our typical 99.99 percent success rates.”However, the company has not been forced to change its prioritization criteria, still giving precedence to emergency services.A Microsoft spokesperson stated to Cointelegraph that the company has “nothing to share beyond the Microsoft Azure blog”.Microsoft Azure Blockchain ServiceAzure users can deploy a blockchain network, including Bitcoin…

    Apr 5, 2020
  • Load more posts

          Contact Us